NEWSBREAK: Teck, Korea Zinc agree annual zinc concs TC at 12-yr high – sources [UPDATED]

Canadian miner Teck Resources and smelter Korea Zinc have agreed zinc concentrate treatment charges (TCs) for 2020 supply at $299.75 per tonne, sources with direct knowledge have told Fastmarkets.

The deal, which supplies Korea Zinc with Red Dog zinc concentrates for a year as part of the two company's frame agreement, has zero price participation.
It marks a jump from 2019's $245 per tonne with scales, and is the highest since 2008. That deal was agreed at $300 per tonne also with scales.

Korea Zinc declined to comment on the deal. Teck Resources did not respond to an...


Archie Hunter

March 24, 2020

12:30 GMT